Norma Chemicals Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00444123 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2016 to 31 December 2016

for

Norma Chemicals Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Tate

Mrs M J Tate

R Warriner

SECRETARY:

Mrs M J Tate

REGISTERED OFFICE:

Jubilee House

3 The Drive

Great Warley

Brentwood

Essex

CM13 3FR

BUSINESS ADDRESS:

New Abbey Court

51-53 Stert Street

Abingdon

Oxfordshire

OX14 3JF

REGISTERED NUMBER:

00444123 (England and Wales)

ACCOUNTANTS:

Neville & Stocker

Jubilee House

3 The Drive

Great Warley

Brentwood

Essex

CM13 3FR

FIXED ASSETS

Investments

4

421

505

CURRENT ASSETS

Debtors

-

41,951

Cash at bank

74,060

7,042

74,060

48,993

CREDITORS

Amounts falling due within one year

21,262

687

NET CURRENT ASSETS

52,798

48,306

TOTAL ASSETS LESS CURRENT LIABILITIES

53,219

48,811

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

52,219

47,811

SHAREHOLDERS' FUNDS

53,219

48,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 August 2017 and were signed on its behalf by:

S Tate - Director

1.	STATUTORY INFORMATION

Norma Chemicals Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2016 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 June 2016

and 31 December 2016

9,237

PROVISIONS

At 1 June 2016

8,732

Charge for period

84

At 31 December 2016

8,816

NET BOOK VALUE

At 31 December 2016

421

At 31 May 2016

505

5.	RELATED PARTY DISCLOSURES

During the period Norma Chemicals Limited made purchases of £167,583 (year ended 31 May 2016: £210,395)

from Wallace Manufacturing Chemists Limited.

Wallace Manufacturing Chemists Limited recharged a proportion of its expenses during the period amounting to

£12,221 (year ended 31 May 2016: £19,163).

At the period end Norma Chemicals Limited owed £19,452 (31 May 2016: £41,951 owed by) to Wallace

Manufacturing Chemists Limited.

The ultimate parent company of Wallace Manufacturing Chemists Limited is Alinter Limited which is controlled

by Mrs M J Tate. Mrs M J Tate is a director of all three companies.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M J Tate.